Michael Patrick Lathigee and Earle Douglas Pasquill perpetrated frauds, according to the BCSC – The British Columbia Securities Commission (BCSC) has levied $15-million fines and lifetime bans from being involved in the securities industry against Michael Patrick Lathigee and Earle Douglas Pasquill for “perpetrating frauds,” the BCSC announced March 27.
A BCSC panel established that the two men jointly directed and controlled a group of companies called the Freedom Investment Club (FIC Group). The FIC Group included FIC Real Estate Projects Ltd., FIC Foreclosure Fund Ltd., and WBIC Canada Ltd.
In July 2014, a commission panel found that between February 1, 2008 and November 15, 2008, Lathigee and Pasquill fraudulently raised a total of $21.7 million through the sale of securities to 698 investors without telling the investors important facts about the financial condition of corporate respondents FIC Group and FIC Foreclosure.
Glen Korstrom – BUSINSS IN VANCOUER – MARCH 27, 2015.
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